Flipkart to buy 8% stake in Aditya Birla's fashion unit for $204 million

Walmart Inc’s Flipkart will buy a 7.8% stake in India’s Aditya Birla Fashion and Retail Ltd for 15 billion rupees ($204 million), giving the ecommerce company a bigger foothold in the high-margin fashion business as it battles it out with rival Amazon.com in the country.

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